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Average net salary goes up in Romania in April

The average net salary in Romania amounted to RON 1,857 (EUR 421) in April, 1.5% higher than in March (RON28). Compared to April 2014, the increase was of 7%, according to latest data from the National Statistics Institute.

Sign of growth for constructions: Strabag doubled its turnover in 1Q

Austrian group Strabag, which has made the highway Deva-Orăştie and the tallest office building in Bucharest, Sky Tower, ended its first quarter with business of nearly EUR 41 million, with 114 pct. growth compared to the first three months of 2014, according to data from the company’s quarterly report.

Business Review organizes Realty 2015, the Romanian Real Estate Market Forum, on June 18

What are the trends shaping the local real estate market in 2015? Office, retail, industrial and residential – what factors will influence the evolution of each of these segments by year end? Will the market come close to last year’s record level and will new players make an entrance? These are just a few of the topics that will be discussed at Realty 2015.

Leroy Merlin opens new store near Bucharest

French DIY retailer Leroy Merlin opened on Friday, in Bragadiru, near Bucharest, the fifth store under its own brand, and will launch in the coming period another unit in Brasov, the company said according to Mediafax.

Kaufland pays EUR 2 million for plot in Bucharest

Turkish investor Ahmet Buyukhanli, the owner of Opus Land Development, has signed an agreement for the sale of a plot in northern Bucharest to German retailer Kaufland. The price tag is of over EUR 2 million, reports local Capital.ro.

Romania’s economy grows 4.3% in Q1

Romania’s GDP amounted to some EUR 31.3 billion in the first quarter of this year, up 4.3% over the same period last year.

Portland Trust signed with Oracle for office building in Bucharest

American giant Oracle will rent over 20,000 sq. m in the office project Oregon Park in Northern Bucharest, investment of the group Portland Trust, headed by the British Robert Neale, have declared for ZF sources in the market.

Investments in Romanian economy up 8.5 pct in Q1

Net investments in national economy increased by 8.5 percent in the first quarter compared to the same period last year, to RON 11.93 billion (EUR 2.69 billion), announced on Thursday the National Statistics Institute (INS).

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